Risk on private investment due to delay in completion of infrastructure projects

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Mumbai, Ta. 28 December 2020, Monday

Delays in the completion of infrastructure projects in the country run the risk of affecting private investment. The report says the pace of completion of infrastructure projects is not commendable as the country is recovering from the Corona crisis today. If employment is to increase in the country, it is necessary to increase private investment in the infrastructure sector, said a spokesperson of a company in the infrastructure sector.

According to the data, the cost of more than 30 infrastructure projects worth Rs 150 crore or more has gone up by an estimated Rs 2.5 lakh crore. The Ministry of Statistics and Program Implementation oversees projects costing Rs 150 crore or more.

Out of 181 such projects in the country, the cost of 6 projects has increased while 3 projects have expired.

Projects have been delayed due to delays in obtaining environmental clearances, delays in land acquisition and lack of infrastructure. In addition, the lockdown imposed by Corona has also affected the performance of the projects.

Corona has raised the big question of employment in the country at a time when infrastructure development works need to move fast. The spokesperson added that the government should not delay project clearances and other related approvals as it is difficult to accelerate infrastructure development without the cooperation of the private sector.


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